The Big Story: Bipartisan legislation to build AI resource for startups, researchers. A recently introduced bill would create government AI resources for startups and bolster needed talent in the field. The bipartisan bill—the Creating Resources for Every American To Experiment with Artificial Intelligence Act of 2023 (CREATE AI Act)—formally establishes the National Artificial Intelligence Research Resource (NAIRR) which will provide compute, datasets, and educational resources for startups, students, and academics. The legislation comes amid rapid growth of AI technology and will improve the competitiveness of U.S. startups.

The Engine Team 7/28/23 The Engine Team 7/28/23

Startup News Digest 07/28/23

The Big Story: Senate advances bills requiring user data collection, limiting legal content online. This week, the Senate Commerce Committee advanced two bills that carry serious risks for cybersecurity, user privacy, and third-party content available on startups’ services. The legislation, the Kids Online Safety Act (KOSA), and the Children and Teens’ Online Privacy Protection Act (COPPA 2.0), though well-intentioned, will increase costs of compliance, undermine startup competitiveness, and diminish user experience, as we highlighted in a letter ahead of the committee markup.

Guest User 7/28/23 Guest User 7/28/23

As startups struggle with talent, Canada is trying to attract U.S. bound high skilled immigrants

Hiring early employees is one of the first obstacles startup founders face, made more complicated by talent shortages in STEM fields and an immigration system that often makes it time consuming and expensive to hire high-skilled talent from abroad. Other countries—most recently Canada—are taking advantage of that reality to attract tech talent away from the U.S. Without urgent action from policymakers, the U.S. innovation ecosystem will soon lag behind, as talent will continue to seek out nations where they receive a warmer welcome and better support.

The Engine Team 7/21/23 The Engine Team 7/21/23

Startup News Digest 07/21/23

The Big Story: Policymakers threaten successful startup exits, investment. This week, federal agencies released new draft guidelines for merger enforcement that could reduce the number of acquisitions and negatively impact the ability of startups to successfully exit. The new draft guidelines come amid a parallel effort to revise the filing process for larger transactions, adding costs and new burdens to those acquisitions. Taken together, the agencies’ actions are designed to limit acquisitions, which are critical to investment and successful exits in the startup ecosystem.

The Engine Team 7/14/23 The Engine Team 7/14/23

Startup News Digest 07/14/23

The Big Story: EU, U.S. implement framework to restore transatlantic data transfers. The European Commission this week adopted a needed decision to implement the EU-U.S. Data Privacy Framework, bringing certainty back to transatlantic data transfers and lowering barriers for startups. The long-awaited agreement ends years of uncertainty surrounding data flows needed for U.S. startups to serve EU customers thanks to the invalidation of an earlier transfer agreement called Privacy Shield. The new framework is a welcome step that will bolster the competitiveness of U.S. startups looking to serve the EU market.

The Engine Team 6/30/23 The Engine Team 6/30/23

Startup News Digest 06/30/23

The Big Story: Supreme Court strikes down Biden student loan relief plan. The Supreme Court this week struck down President Biden’s student loan relief plan that would have canceled up to $20,000 in student debt for qualified borrowers. The decision, while not unexpected, is a blow to the millions of Americans riddled with student debt, and individuals whose debt acts as a barrier to pursuing entrepreneurship.

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